Brazil

Friday, December 21st 2007 - 20:00 UTC
Petrobras finds more light oil and keeps increasing reserves

Petrobras shares rose Friday a day after Brazil's government owned oil company said it found more oil in the offshore Santos Basin. Shares rose 4.88, or 4.5%, to $112.88 in afternoon trading.
Thursday, December 20th 2007 - 20:00 UTC
Massive expansion of steel industry and iron mining in Brazil

Brazil's second largest steelmaker this week confirmed last September's pledge to invest 9 billion US dollars over the next four years, revealing plans to plow 5.25 billion US dollars into mining, steel and cement projects in Minas Gerais state over the next six years.
Thursday, December 20th 2007 - 20:00 UTC
Ireland pushing for EU ban on Brazilian beef imports

Ireland wants an immediate ban on Brazilian beef imports into the European Union due to concerns that the country's produce does not meet the standards of the bloc, Irish farm minister Mary Coughlan said on Wednesday.
Thursday, December 20th 2007 - 20:00 UTC
Record investment boosts Brazilian growth 5.2% in 2007

Brazil's GDP is forecasted to expand 5.2% in 2007, up from the original 4.5%, said the Applied Economics Research Institute, IPEA, an office from the Brazilian Executive. The quarterly report indicates that the industrial sector is estimated to grow 6% this year, up 0.8 percentage points above the first estimate.
Tuesday, December 18th 2007 - 20:00 UTC
Crucial Brazilian support and loans for embattled Morales

Brazil's government managed energy firm Petrobras announced plans on Monday to invest up to one billion US dollars in Bolivia to increase natural gas production and look for new reserves of the fuel.
Monday, December 17th 2007 - 20:00 UTC
Brazil and Argentina successfully launch first joint rocket

Brazil and Argentina have successfully launched a rocket into space in the first joint space mission by the two South American countries. The liftoff had been delayed four times because of weather conditions, reported Andreia Araujo from the Brazilian Space Agency.
Friday, December 14th 2007 - 20:00 UTC
Lula da Silva faces major political, fiscal defeat in Senate

The Brazilian government has suffered a major defeat over a key financial transactions tax which accounts for 20 billion US dollars in annual revenue. The bill fell four votes short of at least 49 needed in the Senate to renew the tax, known as the CPMF.
Friday, December 14th 2007 - 20:00 UTC
Floating storage vessel helps Petrobras increase oil production

Brazil's government controlled oil corporation Petrobras took a major step this week to increase production from the Roncador field in the Campos Basin offshore Brazil.
Thursday, December 13th 2007 - 20:00 UTC
Agriculture boosts Brazilian growth to 5.7% in third quarter

Brazil's economy expanded 5.7% in the third quarter, boosted by big gains in the agricultural and industrial sectors, and it appeared on track to grow 5% for the year, according to government figures.
Tuesday, December 11th 2007 - 20:00 UTC
Brazilian beef exports booming in spite of EU ban threat

Beef exports are likely to rise in 2008 as Russia resumes importing meat from Brazil, the Brazilian Beef Exporters Association (Abiec) said in Sao Paulo.